World Airways Operating Profits Fall 57 Percent

World Airways reported operating profits of $6.5 million in the second quarter, down 57% from $15.3 million a year ago. Revenues declined to $81.9 million from $86.5 million. The company's net profits of $5.6 million were up from last year's loss of $14 million, but the year-ago loss included a $28...

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